Top developers among 100+ exhibitors at Cityscape Abu Dhabi

Abu Dhabi: Developers in the UAE are showcasing a range of new property developments and are aiming to capitalize on growing demand for mid-market accommodation as Cityscape Abu Dhabi kicks off.

The event runs till April 20 at the Abu Dhabi National Exhibition Centre (Adnec), and brings together over 100 exhibitors.

These include major developers such as Aldar Properties, Tourism Development an Investment Company (TDIC), Bloom Properties, Abu Dhabi Urban Planning Council, and Eshraq Properties, among others.

Developers have already announced new projects that they are showcasing at the property exhibition.

Aldar Properties, for example, announced on Monday the launch of The Bridges, a 1,272-unit, Dh1.3 billion mid-market development.

Bloom Properties also unveiled Bloom Towers, a mid-market residential development in Dubai’s Jumeirah Village Circle.

The new property launches come amid softening demand across the UAE as investor sentiment weakens on the back of slower economic growth and lower oil prices.

A recent report from property advisory JLL said that further declines are expected in certain sub-sectors over 2017.

Cityscape Abu Dhabi was officially opened on Tuesday by Shaikh Hazza Bin Zayed Al Nahyan, vice chairman of the Abu Dhabi Executive Council.